Though the trend remains down in many of our emerging sectors, we continue to wait for a return to bullish territory on weekly charts. Keep in mind that the final months of the year are the seasonally strongest period for stocks.
Based on the past week’s activity, we see the potential beginning of a turnaround for social media stocks. As this trend develops, we expect our social media pick, LinkedIn, to see strong upward movement. We additionally see a slowing of the downward trend in cybersecury.
Finally, we continue to track those emerging sectors plays which have remained in bull trends despite the tumbling market in late July. Tesla and GW Pharma are the two to keep an eye on here. Subscribers will find specific recommendations for buy trigger conditions in our weekly trade recommendations.